WSJ's Kelly Evans emails me to point out that the Fed's "expedited" meeting is a regularly scheduled event.
I saw the Fed notice last night after the Fed press office was closed, so I couldn't follow up until this morning. A quick call to friends at the Fed backed-up Kelly. Expedited at the Fed doesn't mean, well, expedited. I am getting the distinct sense from people who should know that nothing is going to happen at this meeting.
BTW: If you haven't caught Kelly on WSJ's The Hub, you should. It's hard hitting reporting and the camera is absolutely in love with her. No wonder CNBC viewership is down.
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